From CEX to DEX: Ref Finance partners with cede.store
A simplified route for moving funds from centralized exchanges to DeFi Protocols
In an exciting development for DeFi on the Near Blockchain, cede.store and Ref Finance just released a new strategic partnership, enhancing with each new releases the user experience and users needs to simplify their route from CeFi to DeFi. This collaboration aims to empower users by allowing them to seamlessly track, trade, and transfer their Centralized Exchange (CEX) assets directly through Ref Finance’s non-custodial browser wallet.
cede.store is available through major CEXes and allows you to view the balance of all off-chain assets with a single click through a simple UI. For instance, if a user has accounts on three different CEXes (Binance, OKX, Kraken, amongst many others) holding NEAR, REF, and other ecosystem tokens, they can obtain the sum overview of their holdings with just one click.
One of the key benefits of this partnership is the ability for users to transfer their CEX assets to their Near wallet in a matter of seconds and not minutes anymore, streamlining the onboarding process into Ref Finance’s native decentralized exchange (DEX). This integration addresses onboarding frictions, making it easier for both existing and new users to access the vibrant DeFi ecosystem on Near Protocol. As a result, this move is expected to drive up trading volumes on Ref Finance, creating a more dynamic and liquid market.
Ref Finance stands as the main and native DEX on Near Protocol, offering precise and efficient trading opportunities. The partnership with cede.store further enhances the user centric journey which Ref’s focuses on as one of its key product focus: liquidity accessibility — which is what cede.store enables. This improvement in efficiency is set to contribute to a more seamless and user-friendly DeFi experience.
This feature enables users to have greater control over their assets, and most importantly consolidation of their assets from centralized exchanges with a quick onboarding to DeFi protocols, bringing a level of sophistication to decentralized trading platforms that was previously associated with centralized exchanges.
In summary, the partnership between cede.store and Ref Finance represents a significant step forward in supporting DeFi users’ experiences and growing the DeFi landscape on Near Protocol. By integrating cede.store’s capabilities, Ref Finance continues to solidify its position as a leading DEX on Near, offering users a seamless and efficient gateway to decentralized finance. As the collaboration unfolds, it is expected to better curate and cater to the needs of users in a cross-chain capabilities with a DeFi touch.
Your assets. Your Liquidity. Your DeFi ❤
Disclaimer
Ref Finance does not endorse or promote any of the projects, platforms or cryptocurrencies mentioned in this blogpost. Any descriptions of functionality and services provided are for information only. Ref Finance is not responsible for any loss of funds or other damages caused as a result of using the projects, platforms or cryptocurrencies described above.
